Are you still waiting for the right investment opportunity in realty space to knock at your door? If yes, then 2020, is the time you have been waiting for.
Real estate is a sector that is no less than a game of poker. You never know what card might work in your favour. There are numerous permutations and combinations applied by both developers and investors before finalising the deal.
The nationwide lockdown affected lots of businesses, and a majority of the cash flow was disrupted. Still, the market leaders are speculating a rise in investment, with the 3 factors playing key roles, i.e Home prices, loan interest rates, and government taxes contributing to this decision are at the lowest.
It has been a proven fact that whenever economy hits a downfall the real-estate sector approaches a positive paradigm shift. The same is anticipated after this year’s economic recession.
The biggest question is why anyone must invest in the real estate sector in 2020. Here are the reasons:
Due to the pandemic followed by a lockdown every developer had enough time to re-think the strategies and bring lucrative changes into their business.
Consumers too had enough time to strategise their investment and budgets. Everyone is now aware of the ways they can move their assets and make new investments.
The perspective of ‘properties can’t be sold online’ is gradually changing as consumers are now making themselves familiar with the prop-tech solutions like the virtual site visits.
This solution gained popularity in the lockdown. While everyone was at home, practicing social distancing, virtually visiting the sites became feasible.
Everyone was fetching various opportunities to invest, and as we know, realty space was highly beneficial as technology enabled companies to see a good amount of traffic.
There are technological advancements being made every few days and one needs to stay updated with it. For example, the virtual site visits allow customers to walk through the properties without being physically present, yet giving them the same experience. Hence, it’s very important for every developer to have a digital presence.
Deals worth grabbing
The lockdown hampered the projects and created a vacuum between the unsold inventory and potential investors.
As the market is getting steady and consumers are now getting comfortable with the idea of virtual site visits and different technological advancements, developers are coming up with many lucrative deals to attract buyers.
Indians always knew the importance of having their own home. But with the chaos caused in this pandemic even millennials have realised this. Also, developers are now offering a plethora of deals and offers to attract newly formed target audiences.
The government too has reduced stamp duty to help people invest in real estate.
Coagulating all these factors we can say that everyone is doing their best to create investment opportunities in the realty sector and help the investors to achieve it.
Moving past plots and under-construction projects
The buyers are now moving forward from buying plots and under-construction projects because of their sore experiences in the past and the urgency. In today’s world everyone hates waiting, and this gave rise to customer’s interest in the ready to move-in properties. All major developers have many ready to move-in projects at lucrative rates.
However, if one is investing in ready to move-in residential space they don’t have to pay GST, and the home loan interest is pretty low.
There are many benefits of investing in ready to move-in, like you already know what your home will look like, there are easy EMI options, and the developers are quite flexible with the rates.
Rise in the commercial space investments
If one needs to comply with the new-normal, then co-working spaces are the solution for small and medium size companies. The anticipation that lockdown is hampering commercial space business is entirely wrong. In fact, all the companies are now planning to increase their office spaces in lieu of social distancing, the demand is going to rise.
The need of the hour is co-working space so that one can easily have flexible working conditions, and since the entire work-force is not coming to work businesses can save their cost-per-seat and still get world-class amenities.
The aforementioned factors are really having a positive effect on the customer and even if they are not looking for a home for residing then they are moving ahead with investment in commercial spaces.
Everyone wants to have an income-generating property, and the old-fashioned way of finding a tenant, and then generating rental income is fading away.
Why wait for tomorrow when today is the time for your investments to reap benefits?